SINGAPORE (Reuters) - English Premier League soccer champions Manchester United intends to use the proceeds of its planned Singapore listing to pay down debt and further grow its business in Asia, a source familiar with the deal said Thursday.
The club hopes to raise as much as $1 billion from the offering, which is expected to be completed by the end of the year, sources have said. Full story
Related:
Manchester United IPO funds to pay off debt -source - NBC Sports
Manchester United owners the Glazer family to use £600m flotation revenue to reduce club's debts - Telegraph.co.uk
